Matias Olivera, chief technology officer of Exodus Movement, sold 8,505 Class A common shares for a total of $71,640 between August 25 and August 27, according to regulatory filings.
The transactions occurred at prices between $8.35 and $8.52 per share. On August 25, Olivera sold 2,835 shares at $8.40 each. The following day, another 2,835 shares were sold at $8.35. On August 27, the final tranche of 2,835 shares was disposed of at $8.52.
Following the sales, Olivera retains direct ownership of 320,253 shares, including restricted stock units granted between January 2023 and December 2025. The RSUs are scheduled to vest in equal monthly installments through January 2027, July 2027, January 2028, January 2029, and December 2029.
Exodus Movement’s shares have declined 69% over the past year, trading at $9.16 as of the latest data. The stock’s volatility remains elevated, with InvestingPro estimating a fair value of $9.72, suggesting potential undervaluation. Cantor Fitzgerald recently raised its price target to $15.00 while maintaining an above-average rating.
The company reported quarterly revenue of $26.2 million, a 1.4% year-over-year increase and a 15.2% rise from the prior quarter, exceeding Cantor Fitzgerald’s estimate of $24.4 million. Adjusted EBITDA loss widened to $6.7 million, higher than the projected $3.7 million loss, reflecting costs tied to acquisitions and restructuring as Exodus transitions into the payments sector.
